https://www.taxtmi.com/caselaws?id=345636 The court upheld SEBI's directive requiring the appellant to revise the offer price and pay interest, as the 2014 acquisitions did not qualify for exemption under Regulation 10 of the SEBI Takeover Regulations of 2011. Despite arguments based on committee reports and judicial precedents, the court emphasized the clear and unambiguous language of Regulation 10, which mandates a three-year period from the listing date of the Target Company for exemptions. The court dismissed the appeals, affirming SEBI's decision and the Appellate Tribunal's judgment. en-us Thu, 13 Jul 2017 00:00:00 +0530 Sat, 06 Oct 2018 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345636 The court upheld SEBI's directive requiring the appellant to revise the offer price and pay interest, as the 2014 acquisitions did not qualify for exemption under Regulation 10 of the SEBI Takeover Regulations of 2011. Despite arguments based on committee reports and judicial precedents, the court emphasized the clear and unambiguous language of Regulation 10, which mandates a three-year period from the listing date of the Target Company for exemptions. The court dismissed the appeals, affirming SEBI's decision and the Appellate Tribunal's judgment. Case-Laws Companies Law Thu, 13 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345636